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The Kenya Revenue Authority (KRA) [2] was established by an Act of Parliament, the Kenya Revenue Authority Act, which became effective on 1 July 1995. The Authority is charged with collecting revenue on behalf of the Government of Kenya. [1] The Authority's core operations are:-
The Kenyan taxation system covers income tax, value-added tax, customs and excise duty.The regulations are governed by independent legislators that govern the taxation system, the main legislator, the Kenya Revenue Authority (KRA) has different sections that deal with the above taxes while also having the authority to undertake reviews on various companies and corporations.
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning. The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26]
Kenya Revenue Authority Central Bank of Kenya: 4: Ministry of Foreign and Diaspora Affairs: Musalia Mudavadi: State Department for Foreign Affairs; State Department for Diaspora Affairs; Kenya Foreign Service Institute 5: Ministry of Defence Soipan Tuya: State Department of Defence: Kenya Defence Forces The Kenya Space Agency National Defence ...
When Kibaki took power in 2003, he immediately established the National Debt Management Department at the treasury, reformed the Kenya Revenue Authority (KRA) to increase government revenue, reformed financial laws on banking, wrote off the debts of strategic public enterprises, and ensured that 30% of government tax revenue was invested in ...
Ndiritu Muriithi is a Kenyan politician and former Governor of Laikipia County. He was elected in the August 2017 general elections as an Independent Candidate after he failed to clinch the Jubilee Alliance Party nominations ticket.
Capital Markets Authority of Kenya; Betting Control and Licensing Board; Insurance Regulatory Authority (Kenya) Retirement Benefits Authority of Kenya; Sacco Societies Regulatory Authority; Commission for the Implementation of the Constitution; Commission on Administrative Justice; Commission on Revenue Allocation; Commissions and Independent ...
Keroche Breweries has had long-running battles with the Kenya Revenue Authority (KRA) on tax. In 2015, the company was shut down for two weeks over a backdated duty of about KSh1 billion for the ready-to-drink Viena Ice vodka. KRA ordered the company not to produce excisable goods, an essential shutdown as all alcoholic products are excisable.